New Delhi, Feb 22: In a stiff reply to Nirav Modi, the Punjab National Bank asked the celebrity jeweller come up with a concrete plan to recover the dues that his companies have borrowed without following proper procedures.
“Your commitment and undertaking for sparing of the total liability was not backed by providing upfront amounts and timelines. However, should you have any concrete and implementable plan, do revert,” the bank’s mail stated, reported PTI.
The public lender said this in a response to Nirav Modi’s mail.
In his letter, blaming PNB for “destroying” his brand, diamantaire had asserted that the bank has closed the doors to repay the debt.
In the anxiety to recover your dues immediately, despite my offer (on February 13, a day before the public announcement, and on 15) your actions have destroyed my brand and the business and have now restricted your ability to recover all the dues leaving a trail of unpaid debts,” he had said.
Modi concluded the letter urging the bank to permit him to pay the salaries to 2,200 employees from the balance lying in the current accounts of his companies.
“Whatever may be the consequences I may face for my actions, the haste was, in my humble submission, unwarranted,” he asserted.
The bank on February 14 had detected Rs 11,400 crore fraud at its Brady House branch in Mumbai on February 14, named the firms owned by Modi and his uncle Mehul Choksi’s Gitanjali Group, and some other diamond and jewellery merchants as suspects.
Following the complaint by the bank, central government agencies, the CBI and the Enforcement Directorate, registered cases against businessman Nirav Modi, his wife Ami, and Choksi, besides others.
In connection with the fraud, the CBI is questioning 12 accused who were arrested by the probe agency.
Apart from this, the Central Bureau of Investigation is also quizzing numbers of PNB officials including seniors officers.